Balanced News: Credit Suisse ‘seriously breached’ obligations in Greensill case, Swiss regulator says

Credit Suisse was ordered by Swiss regulator FINMA to implement remedial measures after it was found to have breached its supervisory obligations in relation to its business relationship with financier Lex Greensill and his companies. The bank has undergone numerous senior management changes and implemented disciplinary measures in order to address the issues identified by FINMA.